Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (18th of December) reveals that it was around 1885.1 USD/Ounce early today. Under 1-hour-chart technical analysis, it skyrocketed and set a new high as predicted yesterday (17th), the candlestick is currently lying below the Bollinger Band after a pullback. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1890.0~1893.0. The current support level lies between 1865.0~1868.0. Investors who wish to sell short could consider selling between 1880.0~1882.5 in the short-term and setting the stop loss above 1885.5.

Forex Trading Market Analysis for Gold
Forex Trading Market Analysis for Gold

Technical Analysis (EURUSD):

The price of EUR/USD (18th of December) was around 1.22671 early today. Under 1-hour-chart technical analysis, it skyrocketed and set a new high as predicted yesterday (17th), later it retraced slightly. The candlestick is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to drop after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1.22700~1.22800. The current support level lies between 1.22100~1.22200. Investors who wish to sell short could consider selling between 1.22520~1.22600 in the short-term and setting the stop loss above 1.22700.

Forex Trading Technical Analysis for EURUSD
Forex Trading Technical Analysis for EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of December) was around 1.35844 early today. Under 1-hour-chart technical analysis,it rebounded again after a slight retracement as predicted yesterday (17th), the candlestick is currently lying between the middle and lower Bollinger Bands after a pullback. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.36000~1.36100. The current support level lies between 1.34700~1.34800. Investors who wish to sell short could consider selling between 1.35550~1.35700 in the short-term and setting the stop loss above 1.35850.

Forex Trading Technical Analysis for GBPUSD
Forex Trading Technical Analysis for GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (18th of December) was around 0.76205 early today. Under 1-hour-chart technical analysis, it surged again after breaking out the upper resistance level. The candlestick is currently lying below the middle Bollinger Band after a retracement. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.76300~0.76350. The current support level lies between 0.75750~0.75800. Investors who wish to sell short could consider selling between 0.76150~0.76200 in the short-term and setting the stop loss above 0.76280.

Forex Trading Technical Analysis for AUDUSD
Forex Trading Technical Analysis for AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (18th of December) was around 48.34 this morning. Under 1-hour-chart technical analysis, it surged again as predicted yesterday (17th), the candlestick is currently fluctuating around the middle Bollinger Band after a pullback. The bands are contracting, so it is likely to decline after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 48.60~48.70. The current support level lies between 47.30~47.40. Investors who wish to sell short could consider selling between 48.25~48.40 in the short-term and setting the stop loss above 48.60.

Forex Trading Technical Analysis for US Oil
Forex Trading Technical Analysis for US Oil

Technical Analysis (Nas100):

The NASDAQ (18th of December) was around 12753.5 this morning. Under 1-hour-chart technical analysis, it surged again yesterday (17th), the candlestick is currently fluctuating between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to retrace.

Currently, the short-swing upper resistance level lies between 12770.0~12800.0. The current support level lies between 12620.0~12650.0. Investors who wish to sell short could consider selling between 12720.0~12740.0 in the short-term and setting the stop loss above 12760.0.

Forex Trading Market Analysis for NASDAQ
Forex Trading Market Analysis for NASDAQ

Economic Calendar (18th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.00:30JPYNational Core CPI (YoY) (Nov)★★
2.07:01GBPGfk Consumer Confidence (Dec)
3.04:00JPYBoJ Monetary Policy Statement★★★
4.04:00JPYBoJ Interest Rate Decision★★
5.08:00EURGerman PPI (MoM) (Nov)★★
6.08:00GBPRetail Sales (MoM) (Nov)★★★
7.10:00EURGerman Ifo Business Assessment (Dec)★★★
8.10:00EURCurrent Account n.s.a. (Oct)
9.12:00GBPCBI Industrial Trends Orders (Dec)★★
10.14:30CADRetail Sales (MoM) (Oct)★★
11.14:30USDCurrent Account (Q3)★★
12.16:00USDUS Leading Index (MoM) (Nov)

(Importance: maximum three stars ★★★)

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